BOCA RATON, FL -- (MARKET WIRE) -- October 31, 2006 -- Airspan Networks, Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX and Wi-Fi based broadband wireless access networks, and carrier class Voice-over-Internet Protocol (VoIP) solutions, will report its results for the third quarter ending October1, 2006 on Wednesday, November 8th after the close of the markets. An investor conference call is scheduled for 5:00 p.m. (EST) on the same day.

The dial-in numbers for the live conference call are as follows: US toll-free number is (888) 443-9987; the international access dial-in number is (706) 634-0598. Please reference the Airspan Networks quarterly conference call Conference ID # 6576166.

Investors may register for the live webcast of the conference call under the 'financial calendar' tab of the Investor Relations section of the Airspan Web site at http://www.visualwebcaster.com/event.asp?id=36522.

For those who cannot listen to the live broadcast, an audio replay of the call will be available under the 'audio archives' tab of the Investor Relations section of the Airspan Web site. The US toll-free number for the replay is (800) 642-1687; international access number for the replay is 1-(706) 645-9291. Please use access code 6576166.

About Airspan Networks

Airspan Networks provides fixed and wireless voice and data systems and solutions, including Voice Over IP (VoIP). Its wireless products serve operators around the world in both licensed and unlicensed frequency bands between 700 MHz and 6 GHz, including both PCS and 3.5GHz international bands. Airspan has a strong wireless product roadmap that includes offerings compliant with the 802.11 a/b/g and the WiMAX 802.16-2004 standard, including software upgradeability to Mobile WiMAX (the 802.16e-2005 standard). Airspan is on the Board and is a founder member of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has deployments with more than 350 operators in more than 100 countries. Airspan's wireless systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. These systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan's new AS.Tone VoIP system is a carrier class, turnkey solution that provides carriers with Class 4, Class 5 and IP-Centrex solutions and has a Softswitch and Gateways supporting SIP/H323 and SIP. AS.Tone's design provides customers, carriers, next-generation telcos, cellular providers and ITSP with a wide range of solutions with the best price/performance system for IP telephony. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems. Airspan is headquartered in Boca Raton, Florida with its main operations center in Uxbridge, United Kingdom.

More information on Airspan can be found at http://www.airspan.com

Contact Information: For Investment and Media Inquiries, contact: Airspan Networks Inc: Peter Aronstam Chief Financial Officer Tel: (561) 893-8682 Fax: (561) 893-8671 Email: Email Contact